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  • #31,581
  • Mar 1, 2014 10:33pm Mar 1, 2014 10:33pm
Phx, please don't leave this thread, your weekly chart is gold for us...
  • #31,582
  • Mar 2, 2014 12:26am Mar 2, 2014 12:26am
Phx ,


You have been fantastically generous with all the time you have given to help so many people .

You really must be an exceptional person


Thank you so much , and I'm sure I speak for many in wishing you well and hoping that you may change your mind about not posting your charts in future .

All The Best

ROB
  • #31,583
  • Mar 2, 2014 1:59am Mar 2, 2014 1:59am
Phx,

Hello phx62,
I stayed very quiet on this forum. I look at your posts for three years. They are my best source of growth. Thank you for everything! I strongly regret your decision, but I respect it.
Many thousand times thank you
With respect
vcary
  • #31,584
  • Edited 4:40am Mar 2, 2014 4:25am | Edited 4:40am
Dear Big EMU
please some light

AUDJPY
POMO
MN = Double bottom...IB
My Approach
A] On weekly price may move down next RN 90.000
That will be Fib 61.8% of Daily..
....my bias as buyer

D1 = Double bottom....
Near BN 90.750...
Wait for the PA..
....my bias as buyer

H4 = TDI diversion...

dear phx62..what can i say more....please dont leave us....
I make many mistake trough out the week...and wait for
your chart...your chart help me a lot finding my mistakes..
whatever your decision will be at the end...i respect that

Sorry for my English

Regards
omonisha
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 219 KB
Click to Enlarge Name: Image2.jpeg Size: 115 KB
Sad i'm not trying to understand PA
  • #31,585
  • Mar 2, 2014 5:01am Mar 2, 2014 5:01am
Quoting omonisha
Dear Big EMU please some light AUDJPY POMO MN = Double bottom...IB My Approach A] On weekly price may move down next RN 90.000 That will be Fib 61.8% of Daily.. ....my bias as buyer D1 = Double bottom.... Near BN 90.750... Wait for the PA.. ....my bias as buyer H4 = TDI diversion... dear phx62..what can i say more....please dont leave us.... I make many mistake trough out the week...and wait for your chart...your chart help me a lot finding my mistakes.. whatever your decision will be at the end...i respect that Sorry for my English Regards omonisha...

Hi omonisha,

Please wait ... I have my weekly planning session which starts at London 1900hour.
After that I will post my AU big Picture Planning for week 10 - 3 to 7 March and also for MN March.

Talk later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,586
  • Mar 2, 2014 5:09am Mar 2, 2014 5:09am
Quoting Phx62
{quote} One of my concerns in experimenting with channel trades as an additional tool for TMS trading and posting those charts on this thread, is that there would be some confusion about the basics of TMS trading. I did not want that to happen but I am seeing that it is beginning. I am going to continue my testing of channel trades with TMS as the basic system, since my entire trading plan is built on TMS, but to avoid confusion, I will not be posting anymore charts or explanations. I have posted enough charts with details for anyone to see that...
Hi Phx62:

I think the members who are experienced traders and trading TMS knows the basic entry and exit rules will have little problem to follow your channel trades. Anyway, I find your use of channels to project price movements is a good approach and setting target profit using the channel is a proven method.
It is how we view the price waves and how we draws the price channels. Perhaps you can explain more how you draw those channels. If your time permits, please may I suggest you post your chart at the beginning of the week with the channel drawn and as each day progresses, you post update as you make changes to the channels on your charts. This will help us to follow and have a better understanding how you look at your charts and determine the channel lines and when you update/change them.

For me I still use the H4 and D chart timeframes to look for price channels using swing points with the TDI cross as confirmation. This wporks for my 4H swing trading.

For those who are new to trading and new to trading TMS method, what they need to know is the basic rules for entry and exits, they should focus in looking for trade setups and look for the entry setup candle. What is also important is these new traders adopt some kind of a top down analysis approach and to have a proper trading plan when they want to improve their trading and be profitable in this business.

I know many people read and follow the posts but do not ask questions even when they do not fully understand the posts. It is their loss when they chose to remain silent and struggle in trading and to learn on their own. One of the objectives of this thread is to help people who are new to TMS and to shorten the learning curve in learning to trade TMS. You have shown us over a long time going back to S3 EU days that trading EU H1 is profitable when we trade with discipline and sticking to the core basics of TMS. This TMS method works and is proven both in back-testing and forward testing. So the people here need to look at themselves and ask if they have the commitment and the discipline to trade using TMS. I am sure with a proven money management strategy this will be each one' own winning system to bring home a supplement income in addition to any full time job.

Please continue to post your trades for us to learn from.

Kind regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,587
  • Mar 2, 2014 5:11am Mar 2, 2014 5:11am
Quoting mci
Hello everybody, really great thread that eelfranz has started and also great posts. I took a trade that went wrong and I would be very thankful if someone could tell me if this trade had a correct setup. {image}

Hi mci:

Take a look at the Weekkly chart candles and then look at the previous Day candles, that will change your mind about taking that trade.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,588
  • Mar 2, 2014 5:27am Mar 2, 2014 5:27am
Quoting ababias
{quote} Emmanuel, See the image and give your suggestions. I attached the image but want to view it when scroll this page. How I should do that? {image}

Hi ababias:

Just looking at your chart, that H4 setup entry was valid- there was a TDI cross up, and also above the MBL yellow line. You need to know that some of such H4 setup will fail.
We need to know a smart way to place our inigtial SL and do the position sizing for 4H swing trading.
The average D range for EA is 125 pips for the past 100 days. There fore the safe initla SL should be ardpound 125 pips when we look att he D chart, the TDI condition was green above red and above yellow on that day. There was also a D Master Candel when you took that H4 setup., so if you had place your initisla SL below that D Master candle, that would have been a good place. That was also a Fib 38/50 type of entry which I usually look for using the weekly fib levels.
In most cases, trading the higher timeframes like H4 and D, we can stay away from the market' knee-jerk reaction to news and economic data releases.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,589
  • Mar 2, 2014 5:31am Mar 2, 2014 5:31am
Quoting kam2010
I am new to this thread, i want to ask about candlestick pattern.I am doing demo in forex4you and onada,candle size showing different size in same time. which one can take for analyse candlestick pattern.Any exp trader can answer? thanks

kan2010:

which chart timeframe are you looking at?

please post both the forex4U and the oanda charts to show us what you meant.

thanks

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,590
  • Mar 2, 2014 7:02am Mar 2, 2014 7:02am
Quoting emmanuel7788
{quote} Hi mci: Take a look at the Weekkly chart candles and then look at the previous Day candles, that will change your mind about taking that trade. regards, EMMANUEL
Hi Emmanuel,

thank you very much. Looking at the weekly chart, I see
Attached Image (click to enlarge)
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This looks like
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 101 KB


and the direction should be up. Additionally as itsallover and Direwolf have mentioned, there is also a big RS line at about 0.82000.

Do I see it right so far?

But what do I see in the previous Day candle? For me it is strongly bearish... I hope you can tell me your point of view.

Here is my Daily chart:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 103 KB
  • #31,591
  • Edited 7:52am Mar 2, 2014 7:32am | Edited 7:52am
Quoting mci
{quote} Hi Emmanuel, thank you very much. Looking at the weekly chart, I see {image} This looks like {image} and the direction should be up. Additionally as itsallover and Direwolf have mentioned, there is also a big RS line at about 0.82000. Do I see it right so far? But what do I see in the previous Day candle? For me it is strongly bearish... I hope you can tell me your point of view. Here is my Daily chart: {image}

Hi mci:

The previous D candle was not brearish. You were looking at the APB, but the real price candle was a spinning top, interpretated as indecision candle.

when I trade 4H swing and usinh H4 chart, we look at the Weekly and Daily charts and look at the Japanese candlesticks and not just the APB or HA candles.

look at my weekly chart below and see those recent support and resistance using the weekly close price swings.

Attached Image (click to enlarge)
Click to Enlarge Name: EG week 9 POMO.png Size: 62 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EG week 9 D1 POMO.png Size: 56 KB


Edit: add H4 chart POMO

Attached Image (click to enlarge)
Click to Enlarge Name: EG H4 week 09 28 Feb.png Size: 61 KB


regards,

EMMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,592
  • Mar 2, 2014 8:02am Mar 2, 2014 8:02am
Quoting mci
{quote} Hi Emmanuel, thank you very much. Looking at the weekly chart, I see {image} This looks like {image} and the direction should be up. Additionally as itsallover and Direwolf have mentioned, there is also a big RS line at about 0.82000. Do I see it right so far? But what do I see in the previous Day candle? For me it is strongly bearish... I hope you can tell me your point of view. Here is my Daily chart: {image}
mci,
It would be interesting to see how PA reacts to this trendline. This is the EG Daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpdaily.png Size: 43 KB
.... laughing all the way to the bank
  • #31,593
  • Mar 2, 2014 8:33am Mar 2, 2014 8:33am
Quoting itsallover
{quote} mci, It would be interesting to see how PA reacts to this trendline. This is the EG Daily chart. {image}

this is a very small range pair of about Daily 43pips and weekly 115pips.
last friday D BUOB, we should see 0.8260 to be tested again and then market will attempt at 0.8300.
there is channel play.

Attached Image (click to enlarge)
Click to Enlarge Name: EG week 10 channel play.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,594
  • Mar 2, 2014 8:42am Mar 2, 2014 8:42am
Quoting emmanuel7788
{quote} this is a very small range pair of about Daily 43pips and weekly 115pips. last friday D BUOB, we should see 0.8260 to be tested again and then market will attempt at 0.8300. there is channel play. {image}
I agree Emmanuel. The low atr makes it a very unattractive pair to trade imo.
.... laughing all the way to the bank
  • #31,595
  • Mar 2, 2014 8:52am Mar 2, 2014 8:52am
Quoting emmanuel7788
{quote} Hi ababias: Just looking at your chart, that H4 setup entry was valid- there was a TDI cross up, and also above the MBL yellow line. You need to know that some of such H4 setup will fail. We need to know a smart way to place our inigtial SL and do the position sizing for 4H swing trading. The average D range for EA is 125 pips for the past 100 days. There fore the safe initla SL should be ardpound 125 pips when we look att he D chart, the TDI condition was green above red and above yellow on that day. There was also a D Master Candel when...
Emmanuel,

The average D range for EA is 125 pips for the past 100 days -> What do you mean by EA?

We need to have different setup for each H4 trade? In this case, we should have stop loss of 125pips. OK. What about the Target profit? Your R-multiple, risk reward ratio, How many lots should I trade so that 25%,50%,75% profit can be taken at different levels. Please explain. For me the tough one is setting up the SL and TP. Once the setup is done and sticking to it.

ADR indicator of PHX62 can't be used on my system on multiple pairs as my system will hang up. Please suggest any other ADR, weekly fib and other required indicator for my trading plan. I usually follow your style of H4 trading, so let me know the required indicator to setup on my charts. I don't to flood my charts with many indicator. Please give the setup for one pair then I will replicate the same for others.
  • #31,596
  • Mar 2, 2014 9:25am Mar 2, 2014 9:25am
Quoting Phx62
{quote} One of my concerns in experimenting with channel trades as an additional tool for TMS trading and posting those charts on this thread, is that there would be some confusion about the basics of TMS trading. I did not want that to happen but I am seeing that it is beginning. I am going to continue my testing of channel trades with TMS as the basic system, since my entire trading plan is built on TMS, but to avoid confusion, I will not be posting anymore charts or explanations. I have posted enough charts with details for anyone to see that...
Phx62,

I have enjoyed reading your posts tremendously, and it is sad that we will not have the pleasure of seeing your charts again. I hope that doesn't mean we won't be seeing you in the near future.
Thankyou for your time
.... laughing all the way to the bank
  • #31,597
  • Edited 9:46am Mar 2, 2014 9:35am | Edited 9:46am
Quoting itsallover
{quote} mci, It would be interesting to see how PA reacts to this trendline. This is the EG Daily chart. {image}

Yes a triangle...with TDI divergence
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 63 KB
Sad i'm not trying to understand PA
  • #31,598
  • Edited 11:39am Mar 2, 2014 10:43am | Edited 11:39am
Quoting emmanuel7788
{quote} Hi mci: The previous D candle was not brearish. You were looking at the APB, but the real price candle was a spinning top, interpretated as indecision candle. when I trade 4H swing and usinh H4 chart, we look at the Weekly and Daily charts and look at the Japanese candlesticks and not just the APB or HA candles. look at my weekly chart below and see those recent support and resistance using the weekly close price swings. {image} {image} Edit: add H4 chart POMO {image} regards, EMMMANUEL
Thank you guys very much for the support, big effort and help! Now it is a little bit clearer.

How do you choose the correct pair you want to trade? What conditions make you choose a trade pair? Do you analyze all pairs at the weekend and decide what you gonna trade? Do you do it daily? What is the minimum ATR to choose a pair for trading?

@Emmanuel
Just to sum it up:
1) Check weekly and daily charts for S&R with candlestick charts
2) Check trade setups on H4 with APB charts
Is this a good way?
  • #31,599
  • Mar 2, 2014 5:53pm Mar 2, 2014 5:53pm
AU week 10 Big Picture Planning;

We have several big news items this week, so it will be a volatile week for AU so we must have both a Plan A and a Plan B.
Technically, the charts says bearish, but anything can happen so having a Plan B for 4H swing is important to take advantage of the volatile moves.

The same for AJ, so please do your own top down analysis and make your trade plans ready for this week.

Trade Safe!

EMMANUEL
Attached File(s)
File Type: pdf AU week 10 Big Picture Planning.pdf   262 KB | 775 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,600
  • Mar 2, 2014 6:59pm Mar 2, 2014 6:59pm
Quoting emmanuel7788
{quote} well these days MT4 new build is giving us a lot of unnecessary problems. yesterday again my VPS got updated to build 610 and MPTM bombed out for unknown reasons. I am forced to manage trade manually now until I find out what caused that. If anyone sees your MT4 re-starting itself without warning and you have open trades, please take precaution that you have your stop loss in place. I know some traders do not place stop loss in their broker server but use stealth mode with stop loss in your PC terminal. This is dangerous should we lose internet...
Does anyone know how to use MPTM with an ECN broker that uses all five digits past the decimal point? I've re-read the NB and Hopwood forums over and over, with great alacrity, and there is no clear answer to this. And if one asks in their forums, they are chastised and threatened exclusion. I understand pips versus points setting methodology; but in MPTM, it seems impossible to enter the values correctly in the inputs parameters. For example, if you enter 300, it turns into 30. I don't therefore understand how to enter a value such as 15.

Perhaps the answer is in fact clearly stated somewhere in their forums, and I just can’t see the forest through the trees. Any help would be appreciated in setting the parameters for MPTM (Multi Purpose Trade Manager).
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